## Forex Strategy H4 Fibonacci Method

**Forex Strategy H4 Fibonacci Method** — multi-currency, trend forex strategy, trading in which is the time interval H4, Auxiliary lights — 2 moving average indicator RSI, the main tool — Fibonacci (Fibonacci).

As some professional traders: «**Fibonacci** — the only» indicator «, which predicts the point of a trend reversal in the financial markets!

That is why the tool is so popular Fibonacci forex trading, and in all financial markets — it is indeed one of the best tools that can predict **a trend reversal point** (or a temporary rebound), so it helps Most of traders to profit by his skillful use of the forex market.

- I recommend selecting a
**Broker Forex with Terminal MetaTrader 4**

Let’s look at forex strategy, in which the Fibonacci play quite a role. So to trade **forex strategy H4 Fibonacci Method**, must be installed on schedule for the chosen currency pair (which, again, can be any), the following forex indicators:

1. Daily chart (D1) — Oscillator Relative Strength Index with a period of 14 to apply to close (**RSI (14)**), as well as add a level of 50

2. schedule H4 — Exponential Moving Average** EMA (100)**, applied to a close — the color green

3. schedule H4 — simple moving average** SMA (150)**, applied to a close — the color red

And also we need** a tool Fibonacci levels** 0.382, 0.618, 0.236 and 0.764.

Conclude** a deal to buy** if:

1. RSI (14) on the daily chart was closed and **is located above the level 50** — trade only in this direction! Transactions on sale does not conclude!

3. find

**the two closest extremum**- minimum and maximum distance between them is

**at least 100 points**. And no matter where the trend between the extremes — up or down.

4.

**Fibonacci**stretch according to the extrema.

5. We wait until the price comes to a corridor between the Fibonacci levels 38.2% and 61.8%

6. And then waiting for the price out of these levels and closes the first candle (

**candle complete — including the tail**) above the level of

**76,4%**(if we stretched the Fibonacci down — corrective movement to the rising trend), or

**23,6%**(if we Fibonacci stretched from the bottom up — the direction of travel of the upward trend).

**Stop-loss**set at least at the level of 100 points, or under the nearest local minimum.

8. Profit target set at a distance of 161.8% of the extendedFibonacci sequence by which you have entered the market. Ifdesired, you can use the trailing stop or close the deal at a distance of 261.8%, etc.

For

**transactions**

**on SALE**- check conditions.